Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

9.1	A member will be disqualified from serving on the MAC SA if he/she:

9.1.1

ceases to represent his/her stakeholder;

9.1.2

becomes an unrehabilitated insolvent;

9.1.3

is convicted of a crime and sentenced to more than six months' imprisonment and having to serve without the option of a fine;

9.1.4

contravenes and/or violates the provisions of the MAC Transformation Charter.

9.2	A stakeholder will be disqualified immediately if found to have violated the provisions of MAC SA's Constitution.